They also demanded the dealer use an automatic shuffler so that the cards\u2019 orientation would not be changed, as it would with a manual shuffle.<\/p>\n
They never denied edge-sorting but argued they won the games fair and square, using their wits. They also pointed out that, despite having an edge, they were still gambling and still could have lost.<\/p>\n
\n“We gamble regardless, because I can’t be accurate all the time,” Sun testified, emphasizing the fact that on their third visit to the casino they lost $2.7 million “in minutes.”<\/strong><\/p>\n<\/blockquote>\nSilver Linings<\/b><\/h2>\n The judge, however, believed the house advantage was an intrinsic dynamic of the game of baccarat, and, in reversing that edge, the game was no longer baccarat and therefore not regulated by the Casino Control Act.<\/p>\n
While he dismissed the casino\u2019s claim of fraud against the pair, he adopted a \u201cstatus quo ante theory\u201d of calculating the damages; ie, he returned all parties to the exact financial position they were in before any of the games began.<\/p>\n
Or almost: Ivey and Sun will not have to repay the <\/span>$249,199 in comps they received during their stay.<\/p>\nAnother silver lining: It could have been worse: the Borgata<\/a> had requested restitution of $15.5 million, which would have been the mathematical expectation of Ivey and Sun\u2019s loss had they not been playing with an advantage.<\/p>\nThe judge dismissed this as “too speculative a remedy.”<\/p>\n","protected":false},"excerpt":{"rendered":"
On Thursday, a New Jersey judge ordered poker player Phil Ivey and \u201cKelly\u201d Cheng Yin Sun to repay $10.1 million to the Borgata Hotel and Casino. The sum represents the $9.6 million \u201cwinnings\u201d amassed during a four-day stint edge-sorting at the casino\u2019s baccarat tables in 2012, plus an extra $504,000 won by Ivey at craps […]<\/p>\n","protected":false},"author":42,"featured_media":43024,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,60],"tags":[],"acf":[],"yoast_head":"\n
Phil Ivey Loses Borgata Edge-sorting Case, Must Pay Casino $10.1 million<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n